This property is a fully stabilized asset, advantageously located off a commonly traveled highway. It consists of 274 total units among 33,515 NRSF. The facility is a new build, completed in three separate phases. The property's ability to reach stabilization well below the industry standard paired with the strong supply conditions within 3-miles of the subject is indicative of the strong demand for storage in the trade area.

 

This property boasts a strong physical occupancy of 90-100%. The facility is well balanced between non-climate-controlled units with totals of 114 and 160, respectively. Additionally, it offers 10 parking spaces. The facility maintains a traditional array of unit sizes ranging from 5x3 to 10x25 units. There is a limited supply of storage units, especially climate-controlled units, in the immediate trade area. This asset is easily the premiere site to consumers in the 1, 3, and 5- mile radius.

 

This property offers well maintained, strong performing self-storage facility in a convenient location for consumers. There is an opportunity to collect additional revenue through leasing the billboard that remains on the frontage of the property. With limited quality competition and amenities such as gate-code access, an onsite kiosk, and a digital- surveillance security system, the property proves to be a secure investment.

 

·        Total Land Area - 4 parcels combined equal 2.41 Acres +/-

·        Total NRSF - 33,515 NRSF

·        Total Units - 274

·        Total Non-Climate Units - 124

·        Unit Sizes - 15-250

·        Physical Occupancy - 98.7%

·        Economic Occupancy - 94.2%

·        Buildings - 10 Buildings, 6 standard drive-up and 4 one-story buildings including main office building